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Higgs acts for Impreglon on seven figure acquisition
Article date: 14/02/2014
The corporate department at Higgs & Sons is celebrating an excellent start to 2014 by advising the UK arm of global player Impreglon on its purchase of Optical Coating Technologies.
Higgs & Sons' corporate team, led by Nick Taylor and supported by Jamie Partington, worked closely with the UK directors of the Tamworth based industrial coatings business Impreglon UK on its purchase of Optical Coating Technologies for an undisclosed sum.
Guy Williams, director of Impreglon UK, said of the deal: "This latest acquisition is part of our ongoing business expansion programme. The team at Higgs really helped us to make the deal happen. Nick and Jamie were integral to finding solutions and driving the deal to a successful conclusion for all concerned."
Optical Coating Technologies, also based in Tamworth, manufactures clear coatings for a diverse range of applications including goggles, visors and car components. In the past the business developed a coating for ski masks for the British Olympic team which boasted anti-fog properties.
Impreglon UK has an enviable reputation for applying coatings and surface treatments based on fluorpolymers, plastics, metals and ceramics for a wide range of industrial applications. Its expertise lies in sourcing exactly the right solution for many industries including food, oil and gas.
Higgs was recently named corporate law firm of the year at the Midlands Insider Dealmakers event and, in 2013, the team was ranked as the third most active law firm for corporate deals in the region according to Experian's annual report.
Nick Taylor said of the Impreglon deal: "This deal clearly demonstrates the ambition of Midlands businesses to expand and develop. At times we were up against some very tight deadlines but we all worked together to achieve a great result for all parties."
"With numerous transactions and projects already well underway in 2014, the next 12 months also promises to be another exciting period with further sustained growth."
Impreglon UK's long-term accounting and tax advisor, Tony Collinson of Collinsons Accountants, also assisted on the deal.